PMS data entry has always been a core part of an MFD’s back-office work. But until recently, everything had to be entered only in INR — even when clients invested in products denominated in foreign currency. Now, with USD-based PMS entries supported directly inside your mutual fund software , managing such investments becomes far easier, cleaner, and more accurate. This small update solves a big pain point and opens the door to better reporting, better transparency, and better portfolio tracking. Let’s break down what this really means for you and your clients. Why USD-Based PMS Entry Matters? Many high-value investors today diversify across borders. Some hold PMS products, private arrangements, or alternative investments where values are recorded in USD. Earlier, you had to convert every value manually into INR just to enter it into the system. This led to: ● Confusion during reporting ● Exchange rate mismatches ● Errors in calculatio...
Mutual Fund Distributors (MFDs) often face a frustrating gap between the brokerage rates committed by Asset Management Companies (AMCs) and the actual brokerage they receive. This discrepancy can lead to significant challenges and financial setbacks for MFDs, making it crucial to have accurate tools to address these issues. Challenges MFDs Face Loss of Pay: When the actual brokerage received is less than the committed rate, MFDs lose potential income. Inaccurate Payments: Discrepancies between the expected and received amounts lead to financial mismanagement. Incentive Gaps: Missing or incorrect incentive payments further reduce the overall earnings of MFDs. Reconciliation Issues: Manually reconciling brokerage payments is time-consuming and prone to errors. Crawl Back Amounts: Unexpected clawbacks can disrupt financial planning and cash flow management. Client Trust: Frequent issues with brokerage payments can harm the trust MFDs h...